Located in the highly desirable north Leeds student area of Hyde Park, being particularly well suited to the existing hot food takeaway and residential uses.
Self-contained hot food takeaway at ground and lower ground floors with commercial kitchens and food preparation facilities.
The hot food takeaway is let by way of a 15-year IR&I lease from July 2019 with rent bond. The commercial unit rent of £20,790 per annum exclusive is subject to review on 04/07/29 in accordance with RPI.
The first floor flat is currently vacant and has previously been let as an Airbnb generating an equivalent annual rental in the order of £17,000 per annum (£1450 pcm). The residential element of the property is considered to be suitable as a two-bedroom student let, with the benefit of an occasional guest bedroom and/or study room.
The premises comprise a substantial mid terraced brick building with pitched concrete tiled roof incorporating dormers. The accommodation is arranged over 4 stories to provide the hot food takeaway with commercial catering facilities at ground and lower ground floor and, a self-contained 2/3-bedroom upper floor flat.
Location
The premises form part of a busy and popular parade of shops including convenience store, hairdressers, letting agencies and takeaways, within the heart of Hyde Park. Brudenell Grove links Brudenell Road with Brudenell Street, a renowned student area adjacent to Headlingley.
Accommodation
Ground Floor
Shop - 21.15 sq m (228 sq ft)
Kitchen and preparation - 19.12 sq m (206 sq ft)
Lower Ground Floor
Storage, Preparation and Kitchen - 37.00sq m (398 sq ft)
Upper floor flat
First Floor
Dining kitchen, shower room, WC, sitting room, occasional guest bedroom - 29.55 sq m (318 sq ft)
Second Floor
Two bedrooms 21.56 sq m (232 sq ft)
Total - 128.38 sq m (1,382 sq ft)
Terms
Services and Amenities - The takeaway and flat have separate utility connections. The takeaway has 3 phase electricity, gas, water and drainage. The flat has central heating pipes and radiators supplied by a modern gas boiler and the takeaway and flat have separate fire alarms.
Tenure - Freehold.
Tenancy - The hot food takeaway is let to a private individual by way of a 15 year lease dated 4 July 2019 on tenants internal repairing and insuring terms (with the tenant proportion of the building insurance premium at 50%). The current rent after the 2024 review is £20,790. In accordance with RPI. The lease incorporates tenant break options upon not less than 6 calendar months’ notice at the rent review dates. The next rent review / break date is due July 2029.
The flat has been recently vacated with the previous tenants subject to an extend Airbnb stay paying £17,000 per annum (£1450 pcm).
EPC - The hot food takeaway has an EPC with energy rating D (89). The flat has an EPC with energy rating D (55).
Price - Offers in the region of £350,000.
VAT - The property is not elected for VAT.
AML - In accordance with the Anti-Money Laundering Regulations evidence of identity and a source of funding will be required from the successful offeree prior to instructing solicitors.
Legal costs - Each party to be responsible for their own legal costs occurred in connection with a transaction.
Specification
- Parade location in the heart of Hyde Park, a popular north Leeds student accommodation area adjacent to Headingley
- The Hot food takeaway is let by way of 15-year lease with RPI reviews
- The 2/3 bed self-contained flat is well suited to student and Airbnb letting